... Insurance Authority – Briefing Session on 21 July 2017 31 July 2017 1 Bullet points of major principles/concepts for premium levy collection:  Deduct levy (together with premium) by auto-pay  Need policy holder consent, e.g. notify policy holder of the “default option” and allow opt out in...

... handling by authorized insurers with the objective of ensuring policyholders are treated fairly and their interests are protected in the claims handling process. In this article we explain these regulatory principles and standards. Then in the next article, with a specific focus on medical insurance claims...

... opening an ISSB office in Beijing, China on 19 June 2023. The Steering Group looks forward to engaging with the ISSB in the sustainability reporting journey and collaborating on capacity building. The Steering Group will also maintain a close dialogue with market participants and stakeholders, with a view...

... intermediary licence applications Monitoring on-going compliance with the Insurance Ordinance by licensed insurance intermediaries Exercising powers of inspections and investigations Imposing disciplinary sanctions on substantiated cases IA proposes to take...

... Holders’ Protection Scheme (“PPS”). Further to the consultation with the Legislative Council Panel on Financial Affairs on the legislative proposals in 2018, the enabling legislation for establishing PPS is being prepared with a plan to introduce the relevant bill into the Legislative Council in the 2020...

... Holders’ Protection Scheme (“PPS”). Further to the consultation with the Legislative Council Panel on Financial Affairs on the legislative proposals in 2018, the enabling legislation for establishing PPS is being prepared with a plan to introduce the relevant bill into the Legislative Council in the 2020...

... appropriate safety margin on top of these amounts is required. 2 8. For the purposes of determining compliance with the solvency margin requirement, the value of assets, in the case of a general business insurer, is to be determined in accordance with the Insurance Companies (General Business) (Valuation...

... appropriate safety margin on top of these amounts is required. 2 8. For the purposes of determining compliance with the solvency margin requirement, the value of assets, in the case of a general business insurer, is to be determined in accordance with the Insurance Companies (General Business) (Valuation...

... Guidance Note on Reserving of Mortgage Guarantee Insurance GL6 GUIDELINE ON RESERVING FOR MORTGAGE GUARANTEE BUSINESS Insurance Authority Contents Page 1. Introduction ……………………………………………… 1 2. Mortgage Guarantee Business…………………………… 1 3. Application of this Guideline………………….…………. 1 4. Adequacy of...

... process.  Furthermore, we are closely liaising with the Self-regulatory Organizations (“SROs”) on transitional arrangements to ensure smooth transfer of data and records.     Industry Consultation To ensure appropriateness of the rules, codes and...